Landstar System (NASDAQ:LSTR – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Landstar System from $184.00 to $178.00 in a research note on Tuesday. Susquehanna reduced their target price on shares of Landstar System from $170.00 to $155.00 in a research note on Friday, April 28th. Morgan Stanley raised their target price on shares of Landstar System from $140.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 4th. Stephens raised their target price on shares of Landstar System from $180.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Friday, February 3rd. Finally, Robert W. Baird raised their target price on shares of Landstar System from $160.00 to $180.00 in a research note on Friday, February 3rd. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $166.83.
Landstar System Stock Down 1.3 %
Shares of NASDAQ:LSTR opened at $177.52 on Friday. The stock has a market cap of $6.39 billion, a P/E ratio of 16.78, a P/E/G ratio of 1.64 and a beta of 0.90. The firm has a fifty day moving average price of $177.33 and a 200 day moving average price of $171.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.83 and a quick ratio of 1.64. Landstar System has a 1-year low of $137.15 and a 1-year high of $188.46.
Landstar System (NASDAQ:LSTR – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The transportation company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.10. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Landstar System had a net margin of 5.57% and a return on equity of 43.26%. Landstar System’s quarterly revenue was down 27.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.34 EPS. Sell-side analysts predict that Landstar System will post 8.79 EPS for the current year.
Insider Buying and Selling at Landstar System
In other Landstar System news, VP Ricardo S. Coro sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $184.63, for a total transaction of $553,890.00. Following the completion of the transaction, the vice president now directly owns 22,167 shares in the company, valued at approximately $4,092,693.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Joseph J. Beacom sold 7,000 shares of Landstar System stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $182.94, for a total transaction of $1,280,580.00. Following the completion of the sale, the chief operating officer now directly owns 17,578 shares in the company, valued at $3,215,719.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ricardo S. Coro sold 3,000 shares of Landstar System stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $184.63, for a total transaction of $553,890.00. Following the sale, the vice president now owns 22,167 shares of the company’s stock, valued at $4,092,693.21. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Landstar System
A number of hedge funds and other institutional investors have recently modified their holdings of the company. National Bank of Canada FI grew its holdings in shares of Landstar System by 59.6% during the first quarter. National Bank of Canada FI now owns 158 shares of the transportation company’s stock worth $28,000 after buying an additional 59 shares in the last quarter. Column Capital Advisors LLC boosted its position in shares of Landstar System by 9.7% in the fourth quarter. Column Capital Advisors LLC now owns 679 shares of the transportation company’s stock worth $111,000 after acquiring an additional 60 shares during the last quarter. Savant Capital LLC boosted its position in shares of Landstar System by 3.6% in the fourth quarter. Savant Capital LLC now owns 1,858 shares of the transportation company’s stock worth $303,000 after acquiring an additional 64 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its position in shares of Landstar System by 2.0% in the third quarter. Laurel Wealth Advisors Inc. now owns 3,426 shares of the transportation company’s stock worth $494,000 after acquiring an additional 67 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Landstar System by 20.9% in the first quarter. Fifth Third Bancorp now owns 405 shares of the transportation company’s stock worth $73,000 after acquiring an additional 70 shares during the last quarter. 98.90% of the stock is currently owned by hedge funds and other institutional investors.
Landstar System Company Profile
Landstar System, Inc engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage.